Brexit Bill No Big Threat to U.K. Fiscal Position, Watchdog Says
- OBR says key are the agreements Britain reaches with EU
- U.K. seeking to erase deficit in era of ‘austerity fatigue’
U.K.'s May Braces for Brexit Repeal Bill Battle
This article is for subscribers only.
Britain could easily withstand paying a hefty financial settlement to leave the European Union, the country’s fiscal watchdog said Thursday.
The bill, which EU officials have suggested could run as high as 100 billion euros ($115 billion) in gross terms, would not pose a “big threat” to fiscal sustainability, the Office for Budget Responsibility said in a report on the fiscal risks facing Britain.